Youngstown City Council Approves Hotel Refinancing Deal

YOUNGSTOWN, Ohio – A deal to refinance $845,128 in debt that the owners of the DoubleTree by Hilton Downtown Youngstown owe the city was approved on a third reading Wednesday evening. The agreement to refinance the loan taken by Youngstown Stambaugh Hotel LLC in 2016 – originally for $700,000 – will be taken up by the city’s Board of Control on Thursday morning after a 5-1 vote by City Council approving the deal. Councilwoman Samantha Turner, 3rd Ward, cast the sole dissenting vote on the legislation, as she did at a special council meeting a week ago. The conditions of…